Ultimate Products (LON:ULTP) Stock Rating Reaffirmed by Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Ultimate Products (LON:ULTP) in a research report released on Tuesday morning, MarketBeat.com reports.

Ultimate Products Stock Performance

LON:ULTP opened at GBX 160 ($2.03) on Tuesday. Ultimate Products has a 52 week low of GBX 118 ($1.49) and a 52 week high of GBX 170 ($2.15). The company’s 50-day simple moving average is GBX 148.92.

Ultimate Products Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a GBX 2.45 ($0.03) dividend. This represents a dividend yield of 1.64%. The ex-dividend date is Thursday, May 30th.

Insider Transactions at Ultimate Products

In other Ultimate Products news, insider Simon Showman sold 48,615 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of GBX 145 ($1.84), for a total transaction of £70,491.75 ($89,218.77). In related news, insider Chris Dent purchased 3,388 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of GBX 148 ($1.87) per share, with a total value of £5,014.24 ($6,346.34). Also, insider Simon Showman sold 48,615 shares of Ultimate Products stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of GBX 145 ($1.84), for a total value of £70,491.75 ($89,218.77). Corporate insiders own 45.84% of the company’s stock.

About Ultimate Products

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.